UBS Group Begins Coverage on Antero Resources (NYSE:AR)

Research analysts at UBS Group initiated coverage on shares of Antero Resources (NYSE:AR - Get Free Report) in a report released on Wednesday, Marketbeat Ratings reports. The brokerage set a "neutral" rating and a $33.00 price target on the oil and natural gas company's stock. UBS Group's price objective indicates a potential upside of 21.15% from the company's previous close.

Several other equities analysts have also recently commented on AR. Citigroup assumed coverage on Antero Resources in a report on Tuesday, September 17th. They issued a "neutral" rating and a $29.00 price target for the company. Wells Fargo & Company cut Antero Resources from an "overweight" rating to an "underweight" rating and cut their price target for the company from $34.00 to $25.00 in a report on Tuesday, October 1st. JPMorgan Chase & Co. dropped their target price on Antero Resources from $37.00 to $30.00 and set an "overweight" rating for the company in a report on Thursday, September 12th. Morgan Stanley dropped their target price on Antero Resources from $39.00 to $38.00 and set an "overweight" rating for the company in a report on Monday, September 16th. Finally, Mizuho dropped their target price on Antero Resources from $37.00 to $35.00 and set a "neutral" rating for the company in a report on Monday, September 16th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $32.82.

Antero Resources Stock Performance

NYSE:AR traded down $0.11 during mid-day trading on Wednesday, hitting $27.24. 3,577,219 shares of the company's stock traded hands, compared to its average volume of 4,119,268. The firm has a 50 day moving average of $27.45 and a two-hundred day moving average of $30.43. Antero Resources has a 12 month low of $20.10 and a 12 month high of $36.28. The firm has a market capitalization of $8.47 billion, a price-to-earnings ratio of 136.75 and a beta of 3.33. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.22.

Antero Resources (NYSE:AR - Get Free Report) last announced its earnings results on Wednesday, July 31st. The oil and natural gas company reported ($0.24) earnings per share for the quarter, missing the consensus estimate of ($0.20) by ($0.04). Antero Resources had a net margin of 1.88% and a return on equity of 0.45%. The business had revenue of $978.65 million for the quarter, compared to the consensus estimate of $980.20 million. On average, equities analysts forecast that Antero Resources will post -0.21 earnings per share for the current fiscal year.

Insider Transactions at Antero Resources

In related news, insider Yvette K. Schultz sold 50,000 shares of the firm's stock in a transaction on Monday, August 5th. The stock was sold at an average price of $25.24, for a total transaction of $1,262,000.00. Following the sale, the insider now owns 248,363 shares of the company's stock, valued at approximately $6,268,682.12. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 6.70% of the stock is owned by corporate insiders.

Institutional Trading of Antero Resources

Several hedge funds and other institutional investors have recently modified their holdings of AR. Wellington Management Group LLP raised its stake in shares of Antero Resources by 33.7% in the 4th quarter. Wellington Management Group LLP now owns 10,537,261 shares of the oil and natural gas company's stock valued at $238,985,000 after purchasing an additional 2,655,604 shares during the period. Vanguard Group Inc. raised its stake in shares of Antero Resources by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 27,694,160 shares of the oil and natural gas company's stock valued at $628,104,000 after purchasing an additional 173,378 shares during the period. Los Angeles Capital Management LLC raised its stake in shares of Antero Resources by 86.6% in the 1st quarter. Los Angeles Capital Management LLC now owns 18,366 shares of the oil and natural gas company's stock valued at $533,000 after purchasing an additional 8,521 shares during the period. Mather Group LLC. acquired a new stake in shares of Antero Resources in the 1st quarter valued at about $37,000. Finally, Wedmont Private Capital acquired a new stake in shares of Antero Resources in the 1st quarter valued at about $432,000. Institutional investors and hedge funds own 83.04% of the company's stock.

Antero Resources Company Profile

Antero Resources Corporation, an independent oil and natural gas company, engages in the development, production, exploration, and acquisition of natural gas, natural gas liquids (NGLs), and oil properties in the United States. It operates in three segments: Exploration and Development; Marketing; and Equity Method Investment in Antero Midstream.